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A public worker cleans a street during heavy rains in the Jardim Botanico neighborhood in Rio de Janeiro, Brazil April 9, 2019. REUTERS/Lucas Landau
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RIO DE JANEIRO, July 13 (Reuters) - Brazil s Rio de Janeiro state plans an auction in December for parts of its water and sanitation utility, known as Cedae, that failed to find a buyer during a previous bidding round in April, the governor said on Tuesday.
In the April auction, Rio successfully privatized three of the four Cedae concessions it put up for sale, with the state raking in some 22.7 billion reais ($4.4 billion).
In the new bidding round, the state will modify the unsold concession, which is less secure and more rural than the other blocks, Governor Claudio Castro told journalists. At least nine municipalities will be added to the concession, which originally included seven municipalities, in part or in whole.
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